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India
As of 18 Sept 2026, 03:30 pm
On September 9, 2026, the Board of Canara HSBC Life Insurance Company approved the re-appointment of Dr. Kishore Kumar Sansi and Mr. Supratim Bandyopadhyay as Non-Executive Independent Directors. Dr. Sansi's second three-year term is set to begin on October 27, 2026, and Mr. Bandyopadhyay's on November 28, 2026. These re-appointments are subject to shareholder approval, for which a Postal Ballot Notice was issued on September 9, 2026. Newspaper advertisements regarding this notice were published on September 16, 2026.
As of September 18, 2026, the stock has shown positive returns over several periods. It returned 3% in the last month, 8% in the last three months, and 4% in the last six months. Year-to-date, the return is 5%, and since its inception, the stock has returned 38%.
On a daily basis, the stock's closing price was ₹153.59, with the 20-day Exponential Moving Average (EMA) at ₹153.02 and the 50-day EMA at ₹150.59. The Supertrend indicator was at ₹161.53, suggesting a bearish trend for the day. However, on a weekly basis, the Supertrend was ₹125.12, indicating a bullish trend. The Average Directional Index (ADX) was 31.41 daily and 28.14 weekly, suggesting a strong trend is in place.
As of September 18, 2026, the nearest identified resistance level is ₹154.76, which is 0.76% above the current price. The nearest support level is ₹153.22, which is 0.24% below the current price.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 14 candles
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
Primary driver: Price swings are higher than typical
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 |
|---|---|---|---|---|
| Gross Premium Income | ₹2,161.06 crore | PEAK₹3,114.24 crore | ₹2,889.25 crore | ₹2,294.87 crore |
| Net Premium Income | ₹2,047.52 crore | PEAK₹3,060.66 crore | ₹2,867.16 crore | ₹2,259.73 crore |
| Income From Investments Net | PEAK₹2,268.79 crore | -₹1,715.85 crore | ₹1,304.33 crore | ₹60.10 crore |
| Commission | ₹117.18 crore | PEAK₹196.12 crore | ₹182.70 crore | ₹148.46 crore |
| Employees Remuneration And Welfare Expenses | ₹214.99 crore | PEAK₹234.30 crore | ₹179.40 crore | ₹174.77 crore |
| Operating Expenses Related To Insurance Business | ₹330.03 crore | PEAK₹384.20 crore | ₹344.69 crore | ₹278.49 crore |
Gross premium income stood at ₹2,161 crore in Q1, down 31% from ₹3,114 crore in Q4 and 6% below the ₹2,295 crore recorded in Q2 of the preceding fiscal year. Net premium income fell to ₹2,048 crore, a 33% decline from ₹3,061 crore in Q4, and was 9% lower than the ₹2,260 crore in Q2.
The revenue account generated a surplus of ₹68 crore in Q1, compared with a deficit of ₹97 crore in Q4. The surplus in Q2 was ₹112 crore. Profit before tax was ₹32 crore, slightly below ₹39 crore in Q4, and within the range of ₹31–₹45 crore across the four reported quarters. The large swings in investment income and actuarial liability changes largely offset each other, contributing to the stability of shareholder profit.
The solvency ratio improved to 1.98 from 1.90 at the end of Q4, returning to near the 1.98 level seen in Q2. The ratio remains well above the regulatory minimum, indicating a comfortable capital position.
The first quarter saw a significant drop in premium income from the fourth quarter, but lower benefit payments and reduced expenses helped the business return to a surplus. The revenue account surplus was ₹68 crore, compared with a deficit of ₹97 crore in Q4. Large swings in investment income and actuarial liability changes largely offset each other, contributing to stable shareholder profit. The solvency ratio strengthened to 1.98.
Exchange disclosures and regulatory announcements for Canara HSBC Life Insurance Company.
Canara HSBC Life Insurance Company Limited announced the completion of dispatching electronic copies of its Postal Ballot Notice dated September 9, 2026, along with an explanatory statement and remote e-voting facility to members as of the cut-off date of September 11, 2026. The company published this intimation via newspaper advertisements in Mint (English) and Hindustan (Hindi) on September 16, 2026, pursuant to SEBI Listing Regulations 30 and 51.
Canara HSBC Life Insurance Company Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting
CANARA HSBC LIFE INSURANCE COMPANY LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL
On September 9, 2026, the Board of Canara HSBC Life Insurance Company Limited approved the re-appointment of Dr. Kishore Kumar Sansi and Mr. Supratim Bandyopadhyay as Non-Executive Independent Directors, subject to shareholder approval. Dr. Sansi is set for a second three-year term from October 27, 2026, to October 26, 2029, while Mr. Bandyopadhyay will serve a second three-year term from November 28, 2026, to November 27, 2029. Both directors have been confirmed to meet independence criteria under the Companies Act, 2013, and SEBI Listing Regulations.
On September 9, 2026, the Board of Canara HSBC Life Insurance Company approved the reappointment of Independent Directors Kishore Kumar Sansi and Supratim Bandyopadhyay, each for a 36-month term, subject to member approval. Sansi's reappointment is effective October 27, 2026, and Bandyopadhyay's effective November 28, 2026.
Canara HSBC Life Insurance Company Limited announced on August 31, 2026, that Chief Financial Officer Tarun Rustagi tendered his resignation effective August 25, 2026, to pursue external growth opportunities. The Board accepted the resignation with a notice period extending until November 24, 2026, which is designated as Mr. Rustagi's last working day. This leadership change follows Mr. Rustagi's seven-year tenure during which he oversaw the company's successful listing and capital raising.
Canara HSBC Life Insurance Company Limited entered into a Corporate Agency Agreement with The Hongkong and Shanghai Banking Corporation Limited, GIFT City Branch (HSBC IBU) on 25th August 2026 for the distribution of the Company's insurance products through the HSBC IBU branch in GIFT City, Gujarat. The Company will pay commission to HSBC IBU as per its Board-approved Commission policy. HSBC is a promoter group entity of the Company, and the transaction is classified as a related party transaction conducted at arm's length.
Canara HSBC Life Insurance Company Limited held its 19th Annual General Meeting on August 20, 2026, where shareholders approved eight resolutions including the adoption of audited financial statements for the year ended March 31, 2026, and a dividend declaration of ₹0.40 per share. The meeting resulted in the re-appointment of directors Mr. Santanu Kumar Majumdar and Mr. Amitabh Nevatia, alongside the appointment of joint statutory auditors M/s Brahmayya & Co. and M/s M Bhaskara Rao and Co. Additionally, the company secured approval for material related party transactions with promoter Canara Bank and promoter group member HSBC for the financial year 2026-27.
Recent market and company developments associated with Canara HSBC Life Insurance Company.
IRDAI has imposed a Rs 1 crore penalty on Canara HSBC Life Insurance Company for mis-selling a deferred annuity policy to an 88-year-old customer. The regulator found lapses in product suitability, disclosures, verification and internal controls. The action followed suo motu proceedings after a social media post highlighted the case.
New Delhi, Sep 11 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on Canara HSBC Life Insurance Company Limited for mis-selling a life insurance policy to an 88-year-old customer.
The regulator flagged several shortcomings in the sale, including failures related to product suitability, solicitation, disclosures and the insurer’s internal controls.
IRDAI penalty Canara HSBC Life, Canara HSBC Life mis-selling, IRDAI ₹1 crore penalty, insurance mis-selling case, Canara HSBC Life Insurance, 88-year-old policyholder, IRDAI insurance order, life insurance mis-selling, senior citizen insurance policy, Bima-ASBA facility
An 88-year-old was sold a deferred annuity policy despite age restrictions, leading to a Rs 1 crore penalty for Canara HSBC Life. IRDAI found multiple lapses in sales, underwriting, and disclosure. The regulator's order highlights crucial lessons for senior citizens buying long-term insurance products, especially via bank branches.
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Comprehensive Section Breakdown for Canara HSBC Life Insurance Company
Strategic Vision: Provides life insurance solutions through multiple distribution channels.
Category: Financial Services
Offers a comprehensive portfolio of life insurance solutions including individual and group products covering life, term plans, retirement solutions, credit life, and employee benefit segments.
• Joint venture structure with established banking and financial institutions.
• Diversified distribution network including bancassurance, digital, and agency channels.
In the first quarter of FY2026-27, Canara HSBC Life Insurance reported a sharp drop in premium income from the previous quarter, while lower benefit payments, reduced expenses, and a swing in investment results pushed the revenue account back into surplus after a deficit in Q4. Profit before tax was slightly below the prior quarter but stayed in a narrow range. The solvency ratio strengthened.
Benefits paid net dropped 34% to ₹835 crore from ₹1,256 crore in Q4, and was also 34% below the ₹1,261 crore in Q2. This reduction in claims and maturities provided a significant cushion to the revenue account.
Expenses of management fell 23% to ₹447 crore from ₹580 crore in Q4, though they remained 5% above the ₹427 crore in Q2. Commission decreased 40% to ₹117 crore, alongside the decline in premium income. Employee remuneration and welfare expenses declined to ₹215 crore from ₹234 crore in Q4, while operating expenses related to insurance business fell to ₹330 crore from ₹384 crore. Both employee costs and operating expenses remained above their Q2 levels.
Net investment income swung from a loss of ₹1,716 crore in Q4 to a gain of ₹2,269 crore in Q1. Meanwhile, the change in actuarial liability moved from a decrease of ₹472 crore (a credit) in Q4 to an increase of ₹2,997 crore (a charge) in Q1. The combined impact of these two items on the revenue account was a net charge of ₹1,244 crore in Q4, narrowing to a net charge of ₹728 crore in Q1. While still a large negative, the improvement contributed to the return to a surplus.
Core Thesis: Leveraging a multi-channel distribution approach to offer a wide range of life insurance products.
• Bancassurance: Primarily utilizes a bancassurance-led distribution model, partnering with Canara Bank, HSBC, and regional rural banks. • Digital Channels: Offers products through digital channels and is actively expanding its digital distribution capabilities. • Agency Network: Actively expanding its agency channel to broaden product reach and sales.